India's stock market rally lacks depth

India’s broader NSE index has been hitting successive record highs during the past couple months even as worries over the Sino-US trade war dragged other major stock markets down. It is up 10 per cent so far in 2018. Analysts believe the top 10 shares by market value will continue to outperform and lead the Indian index, given the backdrop of a weaker rupee and their stronger earnings growth.

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